Are there still zero down loans?

[biscuitninja_IHB]

<p>Just wondering, recently the subject came up and I thought they were all but extinct.... Let me know.</p>

<p>-bix</p>

 

[SoCalGal_IHB]

The only 100% financing I know of is CalHFA, which has income restrictions and is limited to first time homebuyers.



http://www.calhfa.ca.gov/

 

[southoctracker_IHB]

I've heard of a 0 down program for <a href="http://octfcu.org/loansfored/educatormortgage_fixed.asp">teachers/educators through OCTFCU</a>...but obviously that rules many out.

 

[biscuitninja_IHB]

<p>Very interesting. My first gut instinct was to say HFA, but I advised that there were restriction on earnings as well as they had to be first time home buyers. Since the wife is a teacher and he's a nurse, I think there may be a few programs available to them.</p>

<p> </p>

<p>Thanks!</p>

<p>-bix</p>

 

[mediaboyz_IHB]

As a follow-up to caliguy2699's post


I have heard some of the ARMs at OCTFCU may be $0 down also. Not 100% sure, however, probably based upon FICO.